"We are pleased to be selected to disseminate index values for a leading index provider like Russell Investments," adds Randall Hopkins, senior vice president of global data products, Nasdaq OMX. "By leveraging the capabilities of Nasdaq OMX, critical Russell index information is delivered to the market in real-time and in a highly scalable manner for customers. This agreement expands the relationship between our organisations which work closely together during the annual reconstitution of Russell indexes."

Since 2004, Russell has leveraged the Nasdaq Closing Cross for the annual reconstitution of its US indexes. The Nasdaq Closing Cross is used to determine Nasdaq official closing prices which are widely used throughout the financial industry.